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Potential decline in Solana's price: Reasons and future predictions
In the crypto market, Solana (SOL) has emerged as a significant and fast blockchain network, but it has seen a notable decline in its price in recent days. In this article, we will analyze the reasons that could further drive Solana's price down, and we will also see if a bounce back from the $110 level is possible or if the market can go down further.
#REX-OSPREYSolanaETF Solana's current negative news, as of July 1, 2025: Solana Under Pressure: A Look at Recent Bearish Trends and Concerns July 1, 2025 – While Solana has enjoyed significant attention in the past for its high throughput and low transaction fees, recent trends and underlying issues are casting a shadow on its immediate prospects. As of early July 2025, several factors are contributing to a bearish sentiment surrounding the SOL token and its ecosystem. Declining Network Activity and Fading Memecoin Hype One of the most significant concerns for Solana is the waning interest in its network activity, particularly within the Decentralized Exchange (DEX) sector. Although a CoinTelegraph report indicates that Solana's DEX volume has surpassed Ethereum's, the overall network engagement is considerably lower than the peak levels observed in January. A major contributor to this slowdown appears to be the diminishing allure of the memecoin sector. Memecoins, which previously fueled much of Solana's on-chain activity and attracted new users, are now experiencing a sharp decline. Over the past 16 days, many popular memecoins on Solana have seen their values drop by 25% or more, with examples like Giga (-42%), Popcat (-35%), and even well-known tokens like Bonk and WIF falling by 25%. This decline directly impacts the perceived value and utility of Solana's burgeoning DEX market share. Furthermore, the rise of Hyperliquid as a dominant blockchain for perpetual trading is siphoning off interest from standalone Decentralized Applications (DApps) on Solana, potentially shifting liquidity and user engagement away from its ecosystem. Price Weakness and Bearish Market Sentiment The declining network activity is naturally translating into pressure on SOL's price. The token has fallen by 15% since its failed attempt to regain the $168 mark on June 12. This decline is directly correlated with the aforementioned drop in network activity and memecoin demand. The derivatives market also reflects this bearish sentiment. There's been a noticeable decrease in demand for leveraged long positions on SOL, indicating that traders are losing confidence in Solana's potential to become a dominant player. A negative funding rate in the derivatives market further underscores this bearish outlook, suggesting that short-sellers are willing to pay long-holders to maintain their positions, expecting further price drops. From a technical analysis perspective, Solana's 4-hour chart reveals a bearish outlook, with the 26 Exponential Moving Average (EMA) crossing below the 12 EMA. SOL has largely traded below the $150 mark over the past week, and while it has attempted to recover, demand remains weak, and broader market sentiment offers little support. Unacknowledged Outages and Historical Concerns While the Solana Foundation proudly reported 100% network stability for Q2 2025 (April to June), claiming no incidents or outages, monitoring services like StatusGator have identified multiple service disruptions in early 2025 that were reportedly never acknowledged by the Solana team. These alleged issues included problems with transaction processing, wallet transfers, and overall network performance. There have also been past concerns regarding transaction speed degradation under heavy load, with some reports suggesting that the mainnet beta lost consensus due to an influx of transactions (e.g., 4 million per second). Such reports, even if resolved, can contribute to lingering doubts about the network's resilience. Lingering Security Concerns from Past Incidents Although there are no immediate reports of a direct Solana blockchain hack as of July 1, 2025, past security incidents continue to weigh on investor confidence. The Slope wallets hack in 2022, and more recently in May 2025, the leak of Solana co-founder Raj Gokal's private information through an A$AP Rocky X account hack, serve as reminders of potential vulnerabilities within the ecosystem. Additionally, in May 2025, a malicious PyPI package masquerading as a Solana tool was found to have stolen source code after 761 downloads. While not a direct blockchain hack, such incidents highlight the broader security risks associated with the Solana ecosystem and its related tools. In summary, Solana is currently navigating a period of decreased network engagement, particularly in the memecoin space, leading to price weakness and bearish sentiment in the market. While network stability has reportedly improved, past unacknowledged outages and lingering security concerns contribute to investor apprehension. These factors will be crucial for investors to monitor as they consider their positions in the Solana ecosystem.
ANOTHER ANNOUNCEMENT FROM BINANCE💪🏻🥹.... Binance is now asking for votes for the listing of $PI on Binance..... 1: yes? 2: no? Come on guys, vote yes so we can get the listing of $PI on Binance soon🫶🏻☺️.
but how he sell pi ,I think pioneer can't sell their pi yet..
Stephine Yanik j56X
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$Pi coin ... My friend was facing a lot of financial problems 😌 He was very upset, he was not able to understand what to do 😏 then suddenly pi coin got listed and he had 800 pi which he had been mining for 5 years. He sold it at the rate of $3 and started a small business, now the problem is over 😃😃😃
This is the power of crypto friends, no one can tell when someone's luck will shine. 🤑🤑🤑
You can also try your luck but don't be too quick to think, play with your mind, you will definitely win 😎😎
bybit is not able to pass kyb,so they r attack on pi
FastNews-coinness
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Bullish
Bybit CEO “PI Project Is A Scam... Will not list” Ben Zhou, co-founder and CEO of cryptocurrency exchange Bybit, told X, “I still believe that PI Network (PI) is a scam. We will not be listing the coin on Bybit.” “In 2023, Chinese police warned of fraudulent activities using PI. There have also been multiple reports published questioning the legitimacy of the project.” ”Bybit has never requested to list on PI. The claims that PI refused to list Bybit or that Bybit failed to pass PI's Know Your Business (KYB) audit are completely absurd. If the project is legitimate and legitimate, they should address these reports and provide the truth instead of baseless attacks.”
Binance Opens Community Voting for Pi Network (PI) Listing – Here’s How to Vote
Published On- Mon, February 17, 2025 | 04:28 PM GMT [Updated On - Tue, Feb 18, 2025 | 06:18 AM GMT] Pi Network (PI), the mobile-based cryptocurrency project that has been in development for six years, is becoming the hot topic now. Following the February 12 announcement confirming that its mainnet will officially launch on February 20, excitement around the project has skyrocketed. Since the announcement, several major exchanges, including OKX, Bitget, MEXC, and Gate.io, have stepped up to support PI by preparing for potential listings. However, one major exchange was still missing from the picture—Binance. Binance Puts Pi Network Listing in the Hands of the Community The Pi community has been actively pushing for Binance to list PI, and now, the exchange has responded. In its latest update, Binance has launched a community vote, asking users directly: “Should PI be listed on Binance?”
Source: @binance (X) This gives Pi supporters a chance to make their voices heard and potentially influence one of the biggest listing decisions for the token. How to Vote for Pi Network (PI) on Binance If you want to take part in the vote, here’s how you can do it: Go to Binance Square – Visit Binance's official Square account here to access the poll. If you already have a Binance account, you can directly vote. However, if you don’t have an account, you’ll need to sign up first to participate in the voting.Cast Your Vote – Choose "Yes" or "No" and share your thoughts in the comments.Voting Period – The vote is open from February 17, 2025, 14:45 (UTC) to February 27, 2025, 23:59 (UTC). Strong Support from the Pi Community Within just 15 hours of the vote opening, a massive 85% of participants had already voted in favor of listing PI on Binance.
PI Listing Community Votes/ Source: Binance Square This overwhelming support highlights the strong demand for a Binance listing and could increase the likelihood of PI being added to the exchange soon. Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always do your own research before making investment decisions.